No change … bears are still in the market’s driver’s seat Lehman CDS settled … no big damage … but no bounce Another FED program to stabilize the market … no effect Why? – Still redemptions hit the hedge funds and others. – Deleveraging continues. – Emerging markets keep imploding … today Argentina. – Quarterly [...]

As Fed and European CB’s still fumble around … market melt down continues … Dow and S&P closed below their “round” levels … Panic mode … no brain … just getting out of positions … deleveraging … An old bear market saying is: Today’s bids are tomorrow’s offers … B U T Volkswagen did it [...]

Interesting thing today!!! The FED announced, it will start paying interest on bank reserves. This will open the door to take over the money market as banks don’t trust each other. GOOD MOVE!!! At the same time, the FED said, it will DOUBLE the “firepower” until the year end. The FED is as well talking [...]

Is a bottom possible??? REALLY??? I think, yes … Why? Here my thoughts … as you know me … a list … not necessarily in order of importance – The reason for the financial crisis is not the housing market, but the STUPID overleverage – House prices are back on a reasonable level, pressure still [...]

The Federal Reserve said it was making it easier for financial institutions to access Fed liquidity by easing terms on its borrowing facilities and accepting a much wider range of assets as collateral. The Fed meets to decide on interest rates on Tuesday. It widened the set of assets eligible as collateral for loans of [...]

Good morning … Where do I go wrong? 1. MER gets taken at a HIGH PRICE … POSITIVE 2. AIG gets loan from the FED … POSITIVE 3. LEH bites the dust … freeing the FED from this stupid automatism … BUT makes sure, assets won’t flood the markets … assuring liquidity from a lot [...]

Lehman seemingly will be sold over the weekend … market cap is down to around 2,5bln$ It will be extremely interesting, who will snap them up … the list of buyers is not as short as everybody thinks … This time … we were told today … from the “everchanging-the-rules” FED WITHOUT financial help of [...]

Another one bites the dust … ??? Rumors fly as Lehman falls another 40% on WSJ article of higher losses … CDS spreads for Lehman reaches the Bear Stearns k.o. level … Rumors of today … this was the reason for the squeeze into the close … – Lehman will be taken by Bank of [...]